The Association of Securities Dealing Houses of Nigeria has restated its confidence in the leadership and structure of the Nigerian Exchange Group Plc as the exchange plans its first annual general meeting after demutualisation.
According to a statement from the securities dealers, the Chairman, Chief Onyewenchukwu Ezeagu, explained that the association’s members had always partnered with the exchange as they played pivotal roles during all stages of the demutualization process, promising continued support.
He said, “Our members are fully prepared for the 60th Annual General Meeting of NGX Group and the first to hold after the demutualization exercise. As major shareholders, we were involved in all the processes of demutualization. We are comfortable with the agenda of the meeting as we have been part of the whole process.
“The proposed resolutions had been made public in the course of the demutualization. The meeting will bring about a renewed relationship between the NGX Group and its stakeholders.”
The NGX Group completed its demutualization earlier this year to improve the market in the areas like technology, human capital, and processes with enhanced income generation. It is also expected to make the exchange focus on its core mandate.